Third-quarter earnings per share excluding one-time items were $2.36, WellPoint said in a statement today, beating the $2.26 average of 22 analyst estimates compiled by Bloomberg. On that basis the company raised its full-year earnings forecast to a range of $8.75 to $8.85 a share, from a previous prediction of more than $8.60.
WellPoint and other insurers are adding customers as people buy insurance through the Patient Protection and Affordable Care Act, the law that requires all Americans to have health insurance and provides subsidies and online shopping markets for them to do so. The insurer said medical enrollment climbed by 259,000 in the quarter.
Medical membership for the full year will be in the range of 37.2 million to 37.3 million, WellPoint said today, compared with an earlier forecast of 37.1 million to 37.2 million.
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